With the publication of the Finance Act for 2024, CVX Ventures sees important steps forward in supporting Danish entrepreneurship and focusing on vocational education. This development marks an important effort to promote the country’s economic growth and innovation.
More funding for entrepreneurship
The Finance Act allocates DKK 1.5 billion until 2027 to the entrepreneurial sector, which is a significant increase on previous budgets. This initiative is a welcome effort to strengthen the entrepreneurial culture and support the growth and development of new businesses in Denmark.
In addition, the government wants to prioritize DKK 250 million. annually in 2024-2027 for quantum technology, and 100 mio. annually until 2027 for an extension of the life science strategy. This is to strengthen the framework for the production of green technologies in Denmark and promote Danish interests in the development of the EU’s green industrial policy.
Focus on vocational schools
Another important focus area in the Finance Act is the support for vocational education and training, which is essential to ensure a well-qualified workforce. This investment will help prepare young people for the labor market of the future and is crucial for Denmark’s competitiveness and green transition.
Shortcomings in the Finance Act
Despite the positive measures in the Finance Act, there is still a lack of focus on key areas that are crucial to the long-term success of the business community. Specifically, the Finance Act lacks measures to reduce bureaucracy, which can be a barrier to entrepreneurial growth and efficiency, as well as strategies to attract and retain the skilled foreign labor needed to maintain a dynamic and innovative business environment.
CVX Ventures welcomes the steps taken by the Finance Act to strengthen Danish entrepreneurship and vocational education, but we would also like to emphasize the need for further efforts in key areas that can promote Danish business as a whole. We encourage the government to look at further developments and initiatives to ensure a robust and innovative business climate in Denmark.
